Credit Cards

Three ways to Save up on All-Time High Petrol Costs in Singapore

With the rising cost of fuel over the past few months, what can we do to save up on the cost of fuel? The answer is memberships and credit cards

2022 has not been favourable for vehicle owners; the supply shock from the Russian oil ban that has arisen from the escalating Russo-Ukrainian conflict and the restricted Chinese oil refinery market caused by local lockdowns, as well as an increasing demand as economies from other countries recover, has resulted in petrol prices rising to as much as $4/litre for 98 octane petrol for Shell.

According to DirectAsia, the average Singapore car drives at approximately 17,500km annually, while the most common vehicle, the Toyota Corolla Altis, gets an average of 15.4 km/litre. This means that the annual fuel cost for an average car to drive at an average mileage with the price of the middle tier octane 95 fuel ranging from $3.26 - $3.33 would cost about (17, 500/15.4)* $3.30 ≈ $3,750/year. Fuel costs for less fuel-efficient and luxury cars will be higher than this.

Most Common CarToyota Corolla Altis
Full Tank of Altis55 litres
Average Cost of Pumping to Full Tank$181.50
Average Fuel Consumption15.4 km/litre
Average Fuel Price$3.30
Average Annual Fuel Cost of Octane 95$3,750

So how do we curb the rising cost of fuel? How can we save more money from petrol? There are a few ways that we will discuss in this article.

Summary of Petrol Benefits

The table below shows the different perks, benefits, and discounts for petrol and diesel from membership from Petrol Station Loyalty Cards, Affiliated Partners, and Credit Cards.

BrandDiscount/PerksBenefits
Petrol Station Loyalty Programme
Esso Smiles1 point/litreFor All Petrol Types
5% OFF when using Esso Credit CardsApplicable to DBS Esso Card
Sinopec X1 point/litreSpent on Power98 / SINO Power95 / Diesel
1.5 point/litreSpent on SINO X Power
SPC&U10% DiscountSpent on 92,95 and 98-octane petrol
Up to 15% DiscountSpent on diesel
Shell Escape1.2 points/litreSpent on Shell V-power
1 point/litreSpent on Shell FuelSave98/95 & Shell Diesel.
Caltex Plus3points/litre of Techron150points/SGD
Affiliated Membership Programme
SAFRA14% Fuel DiscountSpent on Caltex 92/95/Diesel
16% Fuel DiscountSpent on Caltex Platinum 98.
Automotive Association16% Fuel DiscountSpent on Caltex Platinum 98;
14% Fuel DiscountSpent on Caltex 92/95/Diesel.
NTUC150 LinkPoints/SGDFor Esso and Caltex Stations
HomeTeamNS24% DiscountOf any petrol types at Bukit Timah station
23% DiscountOf any petrol types at Yishun and Woodlands station
Credit Cards
UOB One Credit CardUp to 22.66% Fuel SavingsSPC
Up to 21.15% Fuel SavingsShell
OCBC 365 Credit CardUp to 24% Fuel SavingsSinopec
Up to 23% Fuel SavingsCaltex
Up to 20.4% Fuel SavingsEsso
HSBC Visa Platinum ^^^Up to 20.2% Fuel SavingsCaltex
Up to 18.3% Fuel SavingsShell
DBS Esso CardUp to 21.2% Fuel SavingsEsso

Maximise Discounts with Both Credit Cards & Petrol Cards Using the Toyota Corolla Altis as a Control (Each Car will have different fuel tank sizes and varied usage), we will compare the fuel prices for each credit card discount. We will show the full price of a full tank of the Altis, which is 55 litres, as well as their discounted price and potential savings from discounts.

Esso
TypeOrginal Price 30 June 2022OCBC 365DBS Esso
92$3.34x 55L = $183.70$146.23 (Saved $37.47)$144.76 (Saved $38.94)
95$3.39 x 55L = $186.45$148.41 (Saved $38.04)$146.92 (Saved $39.53)
98$3.86 x 55L = $212.30$168.89 (Saved $43.41)$167.29 (Saved $45.01)
Diesel$3.17 x 55L = $174.35$138.78 (Saved $35.57)$137.39 (Saved $36.96)
Caltex
TypeOrginal Price 30 June 2022OCBC 365HSBC Visa Platinum
92$3.37 x 55L = $185.35$142.72 (Saved $42.63)$147.91 (Saved $37.44)
95$3.42 x 55L = $188.10$144.84 (Saved $43.26)$150.10 (Saved $38.00)
Premium$4.08 x 55L = $224.40$188.19 (Saved $51.61)$179.08 (Saved $45.33)
Diesel$3.19 x 55L = $175.45$135.10 (Saved $40.35)$140.01 (Saved $35.44)
Shell
TypeOrginal Price 30 June 2022UOB OneHSBC Visa Platinum
95$3.42 x 55L = $188.10$148.32 (Saved $39.78)$153.68 (Saved $34.42)
98$3.91 x 55L = $215.05$169.57 (Saved $45.48)$175.70 (Saved $39.35)
Premium$4.13 x 55L = $227.15$179.11 (Saved $48.04)$185.58 (Saved $41.57)
Diesel$3.19 x 55L = $175.45$138.34 (Saved $37.11)$143.34 (Saved $32.11)
SPC
TypeOrginal Price 30 June 2022UOB OneSPC&U Discount
92$3.34 x 55L = $183.70$142.07 (Saved $41.63)$165.33 (Saved $18.37)
95$3.38 x 55L = $185.90$143.78 (Saved $42.12)$167.31 (Saved $18.59)
98$3.86 x 55L = $212.30$164.19 (Saved $48.11)$191.07 (Saved $21.23)
Diesel$3.16 x 55L = $173.80$134.42 (Saved $39.38)$156.42 (Saved $26.07)
SinoPec
TypeOrginal Price 30 June 2022OCBC 365HomeTeamNS
95$3.39 x 55L = $186.45$141.70 (Saved $44.75)
98$3.86 x 55L = $212.30$161.35 (Saved $50.95)
Premium$3.99 x 55L $219.45$166.78 (Saved $52.67)
Diesel$3.16 x 55L = $173.80$132.09 (Saved $41.71)

Fuel Prices are taken from MotoristSG on 30 June 2022.

Petrol Station Loyalty Cards for Discounts

Shell Petrol Station at Night

Loyalty programmes are the best way to save up on petrol costs. Loyalty programmes are designed to provide points when you spend money at that petrol station; members can use those points for discounts on petrol or other items sold in the petrol station.

Esso Smiles

Esso Smiles Card allows you to get an instant discount and earn Esso Smiles points for reward redemption. With one litre of fuel purchase = one Esso Smiles point. Plus, earn up to 5% rebates when used along with selected credit cards such as the DBS Esso Card.

Sinopec X

The Sinopec X Card allows you to get rewarded with X Points each time you purchase petrol from Sinopec; you can use these X points to redeem cash rewards. With one litre of SINO Power98 / SINO Power95 / Diesel = 1 Point, one litre of SINO X Power = 1.5 point. Every 90 X points can be redeemed for $3 off any fuel.

SPC&U Card

SPC&U is a loyalty programme for SPC customers to gain discounts and deals from SPC stations. You can receive instant discounts if you register for an SPC&U membership card. You’ll get to enjoy up to 10% discount on 92,95 and 98-octane petrol and up to 15% on diesel.

Shell Escape

The Shell Escape Card allows you to get exclusive discounts when spending on Shell Stations, with more point accumulation given for those with selected credit cards such as HSBC credit cards. Every 1 litre of Shell V-power spent = 1.2 points, and every 1litre of Shell FuelSave98/95 & Shell Diesel spent = 1 point.

Caltex Plus

Caltex Plus is a loyalty programme from Caltex that uses their new app, CaltexGo for transaction and point accumulation, Every litre of Techron fuel you pump at Caltex earns you 3 LinkPoints, and 150 Linkpoints = $1. For redemption of LinkPoints via CaltexGO, points will be redeemed based on the gross fuel purchase amount followed by card promotions or discounts.

Partnered Affiliated Membership Cards for Petrol Discounts

Rows of Cars

If you are a member of an affiliated partner such as NTUC, Automotive Association, or SAFRA, you can also enjoy promotional discounts on petrol at selected petrol stations.

SAFRA Card

If you are a member of the Singapore Armed Forces Reservist Association (SAFRA), you can enjoy the following discounts when they present your SAFRA Card at any Caltex station, such as 14% off for Caltex Ron 92, 95 Fuel and Diesel, and a 16% fuel discount for Caltex Platinum 98 Fuel only.

NTUC Plus! Card

If you are a Caltex or Esso user, you can earn NTUC Plus! Link Points to get more discounts in the future, with 150 LinkPoints ≈ S$1.

Automobile Association Card

Members of the Automobile Association (A.A.) of Singapore can enjoy the following discounts when they present their AA Card at any Caltex station along with other Caltex offers, with up to 16% instant discount on Caltex Platinum 98 and 14% instant discount on Caltex Regular 92, 95 and Diesel.

HomeTeamNS Card

If you are a member of HomeTeamNS, you can enjoy up to 24% Instant Savings on All Fuel Purchase when you fill up your tank at Sinopec just by flashing your HomeTeamNS card to selected Sinopec stations. With 24% discount at Bukit Timah station, and 23% discount at Yishun and Woolands station

Credit Cards for Petrol Discounts

Petrol Station Kiosk Showing Price of Fuel

There are some cash back and miles credit cards that provide significant savings for petrol costs, with some cards bringing to as much as 26% savings for you. There are credit cards that offer discounts when used together with the membership card of the petrol station brand, and there are credit cards that provide a standalone deal when using it for fuel expenditures.

UOB One Credit Card

  • Up to 22.66% fuel savings at SPC, 21.15% at Shell
  • Annual fee: S$192.6, 1-year waiver
  • 5% rebate on general spend, up to S$300/quarter (S$2,000 min spend)
  • Up to 10% on Grab & select UOB travel, 6% on utilities bills
  • 3.33% rebate, up to S$100/quarter (S$1,000 min spend)
  • 3.33% rebate, up to S$50/quarter (S$500 min spend)
  • UOB SMART$ Rebate Programme

UOB One Card Cardholders who consistently spend S$2,000/month earn a 5% general rebate, up to S$300/quarter. This rate is further boosted to 6% on utility bills and 10% on Grab and selects UOB Travel spend.

Those spending S$500 or S$1,000/month earn 3.33% rebates, up to S$50 or S$100/quarter, respectively. Cardholders earn up to 22.66% fuel savings at SPC and 21.15% at Shell.

  • Stand-Out: Up to 10% rebate on all spend, S$300/quarter
  • Up to 22.66% fuel savings at SPC, 21.15% at Shell
  • Promotions:
  • Read Our Full Review
  • Annual fee: S$192.6, 1-year waiver
  • 5% rebate on general spend, up to S$300/quarter (S$2,000 min spend)
  • Up to 10% on Grab & select UOB travel, 6% on utilities bills
  • 3.33% rebate, up to S$100/quarter (S$1,000 min spend)
  • 3.33% rebate, up to S$50/quarter (S$500 min spend)
  • UOB SMART$ Rebate Programme

UOB One Card Cardholders who consistently spend S$2,000/month earn a 5% general rebate, up to S$300/quarter. This rate is further boosted to 6% on utility bills and 10% on Grab and selects UOB Travel spend.

Those spending S$500 or S$1,000/month earn 3.33% rebates, up to S$50 or S$100/quarter, respectively. Cardholders earn up to 22.66% fuel savings at SPC and 21.15% at Shell.

### OCBC 365 Card

OCBC 365 Credit Card
OCBC 365 Credit Card
  • High travel & dining cashback plus exclusive travel deals
  • Promotions: No promotion currently being offered
  • Read Our Full Review
  • Up to 22.1% savings at Caltex, 20.2% at Esso, 26.8% at Sinopec and 5% cashback at all other petrol stations
  • Annual fee: S$192.6, 2-year waiver, subsequently with S$10,000 annual spend
  • 6% rebate on dining & online food delivery
  • 3% rebate on groceries, land transport, recurring bills & online travel
  • Up to 23% fuel savings with Caltex, 20.4% with Esso, 5% other stations
  • Free travel insurance, Visa Signature Privileges

OCBC 365 Card is the absolute best everyday card on the market because of its great rates for essentials, lack of merchant restrictions, and easy fee-waiver–features not offered by competitors.

Cardholders earn up to 24% fuel savings with Sinopec, 23% with Caltex, 20.4% with Esso, and 5% at all other stations in Singapore. OCBC 365 is one of the best cards for petrol savings as consumers must spend S$800/month to access those rates and discounts. While this may seem high, it’s on par with other alternatives.

OCBC 365 Credit Card
OCBC 365 Credit Card
  • Stand-Out: High travel & dining cashback plus exclusive travel deals
  • Up to 22.1% savings at Caltex, 20.2% at Esso, 26.8% at Sinopec and 5% cashback at all other petrol stations
  • Promotions: No promotion currently being offered
  • Read Our Full Review
  • Annual fee: S$192.6, 2-year waiver, subsequently with S$10,000 annual spend
  • 6% rebate on dining & online food delivery
  • 3% rebate on groceries, land transport, recurring bills & online travel
  • Up to 23% fuel savings with Caltex, 20.4% with Esso, 5% other stations
  • Free travel insurance, Visa Signature Privileges

OCBC 365 Card is the absolute best everyday card on the market because of its great rates for essentials, lack of merchant restrictions, and easy fee-waiver–features not offered by competitors.

Cardholders earn up to 24% fuel savings with Sinopec, 23% with Caltex, 20.4% with Esso, and 5% at all other stations in Singapore. OCBC 365 is one of the best cards for petrol savings as consumers must spend S$800/month to access those rates and discounts. While this may seem high, it’s on par with other alternatives.

### HSBC Visa Platinum: No-Fee Cashback & Miles

  • Up to 20.2% fuel savings at Caltex, 18.3% at Shell
  • Annual fee: S$192.6, 2-year waiver, subsequently with S$12,500 annual spend
  • 5% cashback on local dining, groceries & petrol (up to S$250/quarter)
  • 0.4 miles per S$1 general spend, unlimited

HSBC Visa Platinum Card is very distinct in offering both miles and cashback rewards, but it also stands out for its petrol savings and potential fee waiver. Cardholders receive a 5% rebate on local dining & groceries after S$600 minimum spend, plus 0.4 miles per S$1 on all general spending, with no minimum requirement.

Cardholders earn up to 20.2% fuel savings at Caltex and 18.3% at Shell, assuming they consistently meet the S$600 minimum requirement. Below this spending level, cardholders can still earn 17% fuel savings at Caltex & 14% at Shell. It’s important to note that to access the 5% rebate–and higher discounts on petrol–cardholders must spend S$600/month every month for an entire quarter (3 months each). If you charge S$2,400 (including S$240 at Shell) monthly on your HSBC credit card, you can earn up to 600 points, with every S$5 spent on an HSBC Credit Card = 1 Shell Escape point.

  • Stand-Out: Rebates on local food & petrol, miles for general spend
  • Up to 20.2% fuel savings at Caltex, 18.3% at Shell
  • Promotions:
  • Read Our Full Review
  • Annual fee: S$192.6, 2-year waiver, subsequently with S$12,500 annual spend
  • 5% cashback on local dining, groceries & petrol (up to S$250/quarter)
  • 0.4 miles per S$1 general spend, unlimited

HSBC Visa Platinum Card is very distinct in offering both miles and cashback rewards, but it also stands out for its petrol savings and potential fee waiver. Cardholders receive a 5% rebate on local dining & groceries after S$600 minimum spend, plus 0.4 miles per S$1 on all general spending, with no minimum requirement.

Cardholders earn up to 20.2% fuel savings at Caltex and 18.3% at Shell, assuming they consistently meet the S$600 minimum requirement. Below this spending level, cardholders can still earn 17% fuel savings at Caltex & 14% at Shell. It’s important to note that to access the 5% rebate–and higher discounts on petrol–cardholders must spend S$600/month every month for an entire quarter (3 months each). If you charge S$2,400 (including S$240 at Shell) monthly on your HSBC credit card, you can earn up to 600 points, with every S$5 spent on an HSBC Credit Card = 1 Shell Escape point.

### DBS Esso Platinum Card: Top Savings for Esso Loyalists

DBS Esso Card
DBS Esso Card
  • Top discounts & savings on Synergy fuel at Esso
  • Promotions: No promotion currently being offered
  • Read Our Full Review
  • Up to 21.2% fuel savings at Esso
  • Annual fee: S$85.6, 1-year waiver
  • Up to 21.1% fuel savings at Esso (+2.2% with purchase of 250 litres Synergy fuel)
  • Auto-enrolment into Esso Smiles Driver Rewards Programme
  • 0% interest, no-fee instalment plan for motor insurance & road tax

DBS Esso Card is an excellent petrol card for Esso loyalists, offering up to 21.2% fuel savings at Esso, plus 2.2% additional savings after 250 litres of Synergy fuel are purchased. As of June 2022, Esso has low prices of $2.67/litre for octane 92, $2.71/litre when using the DBS Esso card for octane 95, and $3.10/litre for octane 98 petroleum.

DBS Esso Card
DBS Esso Card
  • Stand-Out: Top discounts & savings on Synergy fuel at Esso
  • Up to 21.2% fuel savings at Esso
  • Promotions: No promotion currently being offered
  • Read Our Full Review
  • Annual fee: S$85.6, 1-year waiver Up to 21.1% fuel savings at Esso (+2.2% with purchase of 250 litres Synergy fuel)
  • Auto-enrolment into Esso Smiles Driver Rewards Programme
  • 0% interest, no-fee instalment plan for motor insurance & road tax

DBS Esso Card is an excellent petrol card for Esso loyalists, offering up to 21.2% fuel savings at Esso, plus 2.2% additional savings after 250 litres of Synergy fuel are purchased. As of June 2022, Esso has low prices of $2.67/litre for octane 92, $2.71/litre when using the DBS Esso card for octane 95, and $3.10/litre for octane 98 petroleum.

Conclusion

With the rising fuel costs for cars, it is not sustainable to not have discounts on fuel. Alternative to taking public transport or taxis/private hire cars, the best way to save up on fuel costs is to sign up for a loyalty programme from the petrol station brand, be a member of their affiliate partners, or use a credit card that provides discounts, which you can check our detailed comparison here!

Read also:

Fiona Ling

Fiona is a full-stack marketer working in the digital sphere for more than six years.
A self-proclaimed foodie and bargain hunter, she wants to bring the best deals and value to the community around the world. When not working on her pet projects, Fiona can be found sipping a coffee while reading a paperbacks or watching mystery thrillers on Netflix and Disney+.

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